The Address Downtown, one of the most upscale hotels in the city, started at around 9.30pm Dubai time just 500 yards from where the fireworks were due to begin.
Firefighters managed to subdue the inferno, but part of the luxury building is still smoking and a fire is still visible on the 20th floor, where the blaze apparently started.
Medics said at least 60 people were injured and one person suffered a heart attack from the smoke and overcrowding.
Those who escaped described how people climbed over each other in their rush to escape the burning building. One Briton was forced to carry his disabled mother on his back.
However, miraculously no one is believed to have been killed, See pics & video after d cut...
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